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Tuesday, December 07, 2010

Billionaire takes control of Istanbul’s grid

"Billionaire takes control of Istanbul’s grid

By Delphine Strauss in Istanbul

Published: December 7 2010 18:59 | Last updated: December 7 2010 18:59

Mehmet Emin Karamehmet, one of the most powerful figures in Turkish business, has secured control of Istanbul’s electricity distribution with a $1.8bn deal for the power grid on the city’s Asian side."

More:FT.com / Companies / Utilities - Billionaire takes control of Istanbul’s grid